Ukraine War To Halve Global Trade Growth
Apr 4, 2022 ·
52s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
The Ukraine war has led the World Trade Organization to cut its global trade growth forecast for this year. WTO boss Dr Ngozi Okonjo-Iweala says the previous 4.7% growth forecast...
show more
The Ukraine war has led the World Trade Organization to cut its global trade growth forecast for this year.
WTO boss Dr Ngozi Okonjo-Iweala says the previous 4.7% growth forecast has been cut to 2.5% due to the impact of the war and related policies.
She says disruptions would make food more costly, saying that a food crisis is brewing.
Dr Okonjo-Iweala told the BBC that although Russia and Ukraine only make up about 2.5% of global merchandise exports, they are very, very significant in certain sectors.
show less
WTO boss Dr Ngozi Okonjo-Iweala says the previous 4.7% growth forecast has been cut to 2.5% due to the impact of the war and related policies.
She says disruptions would make food more costly, saying that a food crisis is brewing.
Dr Okonjo-Iweala told the BBC that although Russia and Ukraine only make up about 2.5% of global merchandise exports, they are very, very significant in certain sectors.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
| Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company
